You get up at the crack of dawn, the typical schedule, not anything is in the least, different, so far. You make the coffee and walk into the bathroom to take a quick shower before work. You turn on the hot water and you wait a second for it to get hot but it doesn't.
You look around for the culprit only to find that your basement is flooded because your hot water tank took a dump. Ok, this is bad but it could have been a lot worse if you didn't have homeowner's insurance. The school text books, your set of DVD's, your son's DS, the laptop that was left on the floor, and the fresh new carpeting are just a small number of the items that you can distinguish that are floating around.
On your drive to work you offer yourself a congratulations for forgetting to raise your deductible which your husband had suggested. You have decided to phone your insurance company and break the news of your flood to them. But then you hear something that takes you quite by surprise: You're not covered.
You just assumed that you were covered, you didn't ask, and you didn't read your contract. In reality, any category of private residence insurance such as homeowners, renters, condo, etc will simply decline any flood claims.
If you want flood insurance there are a few things that you should know. For starters, you will buy an entirely separate policy for floods.
Next, flooding doesn't only happen to those who live by water. Sewers can back up, hoses on washing machines can rupture and there's always that wretched hot water tank.
The cost of flood insurance is going to really depend on where you live. If you live in low lying areas then you will pay much more. The thing is, that you have to make sure that you have enough coverage. One can never predict unforeseen events so it is times like this that having an alternative plan is best.
You look around for the culprit only to find that your basement is flooded because your hot water tank took a dump. Ok, this is bad but it could have been a lot worse if you didn't have homeowner's insurance. The school text books, your set of DVD's, your son's DS, the laptop that was left on the floor, and the fresh new carpeting are just a small number of the items that you can distinguish that are floating around.
On your drive to work you offer yourself a congratulations for forgetting to raise your deductible which your husband had suggested. You have decided to phone your insurance company and break the news of your flood to them. But then you hear something that takes you quite by surprise: You're not covered.
You just assumed that you were covered, you didn't ask, and you didn't read your contract. In reality, any category of private residence insurance such as homeowners, renters, condo, etc will simply decline any flood claims.
If you want flood insurance there are a few things that you should know. For starters, you will buy an entirely separate policy for floods.
Next, flooding doesn't only happen to those who live by water. Sewers can back up, hoses on washing machines can rupture and there's always that wretched hot water tank.
The cost of flood insurance is going to really depend on where you live. If you live in low lying areas then you will pay much more. The thing is, that you have to make sure that you have enough coverage. One can never predict unforeseen events so it is times like this that having an alternative plan is best.
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To start saving much more visit Arizona home owner insurance and Louisiana home owner insurance. Chimezirim Odimba helps you pay less for more.
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